Francisco Urzua

Reader in Finance

Bayes Business School, Faculty of Finance

Contact

Visit Francisco Urzua

Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Francisco is a Reader in Finance at Bayes Business School (formerly Cass), having joined in January 2019. Prior he was an assistant professor at Erasmus University. He does research in corporate finance and corporate governance. He holds a PhD from Tilburg University.

Qualifications

  • PhD in Finance, Tilburg University, Netherlands
  • MSc in Accounting and Finance, London School of Economics and Political Science, United Kingdom
  • BA in Business and Economics, Pontifical Catholic University of Chile, Chile

Employment

  • Reader in Finance, Bayes Business School, Jan 2019 – present
  • Assistant professor, Erasmus University Rotterdam, Sep 2013 – Dec 2018

Languages

Dutch; Flemish and Spanish - Latin American.

Expertise

Geographic Areas

  • Americas - South
  • Europe

Publications

Journal articles (18)

  1. Ortiz, M., Peter, C.D., Urzúa I, F. and Volpin, P.F. (2023). Mandatory Financial Disclosure and M&A Activity. The Review of Financial Studies, 36(12), pp. 4788–4823. doi:10.1093/rfs/hhad052.

    [publisher’s website]

  2. Müller, M.A., Peter, C.D. and Urzúa I., F. (2023). Owner Exposure through Firm Disclosure. The Accounting Review, 98(6), pp. 381–405. doi:10.2308/tar-2020-0270.

    [publisher’s website]

  3. Larrain, B., Roosenboom, P., Sertsios, G. and Urzúa, F. (2023). Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs. Management Science. doi:10.1287/mnsc.2021.01039.

    [publisher’s website]

  4. Larrain, B., Sertsios, G. and Urzúa I, F. (2023). Funding Contagion through Common Owners. The Review of Corporate Finance Studies. doi:10.1093/rcfs/cfad019.

    [publisher’s website]

  5. van de Wiel, W., Castillo-Laborde, C., Francisco Urzúa, I., Fish, M. and Scholte, W.F. (2021). Mental health consequences of long-term stays in refugee camps: preliminary evidence from Moria. BMC Public Health, 21(1). doi:10.1186/s12889-021-11301-x.

    [publisher’s website]

  6. Larrain, B., Sertsios, G. and Francisco Urzúa I., (2021). The going public decision of business group firms. Journal of Corporate Finance, 66, pp. 101819–101819. doi:10.1016/j.jcorpfin.2020.101819.

    [publisher’s website]

  7. Aldunate, F., González, F., Prem, M. and Urzua, F. (2020). Privatization and business groups: Evidence from the Chicago Boys in Chile. Explorations in Economic History pp. 101355–101355. doi:10.1016/j.eeh.2020.101355.
  8. Buchuk, D., Larrain, B., Prem, M. and Urzúa Infante, F. (2020). How Do Internal Capital Markets Work? Evidence from the Great Recession*. Review of Finance, 24(4), pp. 847–889. doi:10.1093/rof/rfz022.

    [publisher’s website]

  9. González, F., Prem, M. and Urzúa I, F. (2020). The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime. The Journal of Economic History, 80(2), pp. 417–456. doi:10.1017/s0022050719000780.

    [publisher’s website]

  10. Larrain, B., Sertsios, G. and Urzúa I, F. (2019). The Effects of Losing a Business Group Affiliation. The Review of Financial Studies, 124(2), pp. 3036–3074. doi:10.1093/rfs/hhy120.
  11. Larrain, B., Tapia, M. and Urzúa I., F. (2017). Investor protection and corporate control. Journal of Corporate Finance, 47, pp. 174–190. doi:10.1016/j.jcorpfin.2017.09.002.
  12. Larrain, B. and Urzúa I., F. (2016). Do Business Groups Change With Market Development? Journal of Economics & Management Strategy, 25(3), pp. 750–784. doi:10.1111/jems.12165.

    [publisher’s website]

  13. Buchuk, D., Larrain, B., Muñoz, F. and Urzúa I., F. (2014). The internal capital markets of business groups: Evidence from intra-group loans. Journal of Financial Economics, 112(2), pp. 190–212. doi:10.1016/j.jfineco.2014.01.003.

    [publisher’s website]

  14. Larrain, B. and Urzúa I., F. (2013). Controlling shareholders and market timing in share issuance. Journal of Financial Economics, 109(3), pp. 661–681. doi:10.1016/j.jfineco.2013.03.013.

    [publisher’s website]

  15. Donelli, M., Larrain, B. and Francisco Urzúa, I. (2013). Ownership Dynamics with Large Shareholders: An Empirical Analysis. Journal of Financial and Quantitative Analysis, 48(2), pp. 579–609. doi:10.1017/s0022109013000173.

    [publisher’s website]

  16. Urzúa I., F. (2009). Too few dividends? Groups' tunneling through chair and board compensation. Journal of Corporate Finance, 15(2), pp. 245–256. doi:10.1016/j.jcorpfin.2008.11.002.

    [publisher’s website]

  17. Lefort, F. and Urzúa, F. (2008). Board independence, firm performance and ownership concentration: Evidence from Chile. Journal of Business Research, 61(6), pp. 615–622. doi:10.1016/j.jbusres.2007.06.036.

    [publisher’s website]

  18. Larrain, B., Roosenboom, P., Sertsios, G. and Urzua, F. Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs. SSRN Electronic Journal. doi:10.2139/ssrn.3583445.

    [publisher’s website]

Working papers (6)

  1. Ortiz M., M. How does Mandatory Financial Disclosure Regulation affect the Liquidity Risk of Private Firms? Elsevier BV
  2. Buchuk, D., Larrain, B., Prem, M. and Urzza I., F. Overlapping Networks of Credit and Control. Elsevier BV
  3. Aldunate, F., González, F., Prem, M. and Urzua, F. The Evolution of Ownership Structures: Privatization, Business Groups, and Pyramids. Elsevier BV
  4. Prem, M., Gonzzlez, F. and Urzua, F. Take the Money and Run? The Consequences of Controversial Privatizations. Elsevier BV
  5. Larrain, B., Phillips, G.M., Sertsios, G. and Urzua, F. The Effects of Going Public on Firm Performance and Commercialization Strategy: Evidence from International Ipos. Elsevier BV
  6. Larrain, B., Phillips, G.M., Sertsios, G. and Urzua, F. The Effects of Going Public on Firm Performance and Strategy: Evidence from International IPOs. Elsevier BV